₦airaland Forum

megawealth01:
Ndume To Tinubu: I Don't Mind If You Act Like A Dictator, Dissolve PENGASSAN

https://www.thecable.ng/ndume-to-tinubu-i-dont-mind-if-you-act-like-a-dictator-dissolve-pengassan-if-it-wont-serve-national-interest/

This guys should just be banned joor. I honestly don't like thugs in uniform

They have always frustrated all attempts to restructure NNPC.


They bullied Yar Adua to reverse the sale of the refineries by Obasanjo.

The mistake Obasanjo made was that he sold 51% shares of the refineries towards the end of his second term.

If he had done it during his first term, it would have been impossible to reverse the sale of the moribund refineries

Locotrader:
Never you compare investment one with Morgan Capital again.

LED TV and LCD TV energy consumption are not same.one is low in power consumption while the other is high.Go for LED ooooo.

Be rest assured you will make huge savings with Morgan Capital and Atlas portfolios than when using investment one.
Investment one is LCD with very high brokerage fees and will also restrict you from making huge profit by frustrating your orders not to be executed and disallowing you to trade volumes.
I am telling you the truth from practical experience.Run oooo

Save yourself stress and use Morgan Capital if it is mandatory to choose from the two you mentioned.

Please I registered with Morgan and they sent me an email to send Utility bill after which they sent the email for funding of account my questions here are
1 I didn't receive any email with login details i.e password
2. The funding is it with my own personal account am I to fund or is there a Morgan account created for me that I fund with.
Tha ks Bosses

That's not exactly how he puts it. He said the law does not ask for the legality or otherwise of taxable incomes. It simply taxes your income.

SonofElElyonRet:
Tinubu's tax Czar says even prostitutes have to pay tax as the law covers both legal and illegal businesses

KarlTom:
I'm optimistic that this DANGREFINE will bring much needed reset

You've already chosen their ticker?
Nice!

handsomebolanle:
I will advise not to comment like this.🙂. A lot of intricacies is at play here.

That is why the president and Minister of Petroleum is quiet on it

GeneralDae:
You heard the PENGASSAN spokesperson on Channels TV the other day saying Dangote refinery was built with our money because CBN gave Dangote subsidized FX as if that’s Dangote’s crime, or as if CBN didn’t also give overseas students and round trippers subsidized FX

The unions still have the mentality as if they are dealing with govt establishment., with same sense of entitlement

At times it is as if PENGASSAN are the foot soldiers for some powerful people in government

GeneralDae:
You heard the PENGASSAN spokesperson on Channels TV the other day saying Dangote refinery was built with our money because CBN gave Dangote subsidized FX as if that’s Dangote’s crime, or as if CBN didn’t also give overseas students and round trippers subsidized FX

NNPC should also get subsidized forex which they can use to make their 3 refineries productive.

Is that so difficult for them to do

emmanuelewumi:
That is why the president and Minister of Petroleum is quiet on it

When we talk now.They will say he is not aware. The masquerade dancing on the road has his drummer in the bush
Watin dey give bloody civilian power to shut down critical infrastructure of the country ...pls pardon my French

emmanuelewumi:
At times it is as if PENGASSAN are the foot soldiers for some powerful people in government

Exactly.
It also seems they are fronting for some of the oil/gas marketers or they are actually the promoters and owners behind some or most of the oil and gas importers and marketers who are now taking a big hit due to the coming on board of Dangote refinery.

GeneralDae:
You heard the PENGASSAN spokesperson on Channels TV the other day saying Dangote refinery was built with our money because CBN gave Dangote subsidized FX as if that’s Dangote’s crime, or as if CBN didn’t also give overseas students and round trippers subsidized FX

Yet Dangote refinery is now helping the FX situation, overseas students too, one might say are helping via remittances.

But the round trippers that got the largest chunk, what benefits are we getting from them?
Maybe pengassan should go be on their own neck.

Abi the annoying looters that stashed out common wealth in Dubai and Switzerland

awesomeJ:
You've already chosen their ticker?
Nice!

Can we start to trade the futures

mikeapollo:
Exactly.
It also seems they are fronting for some of the oil/gas marketers or they are actually the promoters and owners behind some or most of the oil and gas importers and marketers who are now taking a big hit due to the coming on board of Dangote refinery.

First time Tinubu no collect from your hand

megawealth01:
Ndume To Tinubu: I Don't Mind If You Act Like A Dictator, Dissolve PENGASSAN

https://www.thecable.ng/ndume-to-tinubu-i-dont-mind-if-you-act-like-a-dictator-dissolve-pengassan-if-it-wont-serve-national-interest/

This guys should just be banned joor. I honestly don't like thugs in uniform

Tinubu does not have power to ban the union.
It is a very powerful union and they are ready to fight dirty knowing fully well they have nothing to loose. Even abacha as a military head of state found them difficult to handle.
The earlier the issues are resolved the better for the country, hopefully the president will step in and bring a solution.

Agbalowomeri:
First time Tinubu no collect from your hand

Is he in the country because he is never aware of serious things when they are happening
What reason again did he give when he declared emergency rule in rivers over national infrastructure

mygee2:
Please I registered with Morgan and they sent me an email to send Utility bill after which they sent the email for funding of account my questions here are
1 I didn't receive any email with login details i.e password
2. The funding is it with my own personal account am I to fund or is there a Morgan account created for me that I fund with.
Tha ks Bosses

You need to ask them for the modalities:
1. You may request for details of their bank account that you can pay into, if they are the ones to trade for you after you fill and send trade mandates/instructions.
2. You can ask them the procedure if your are to fund your account and trade online by yourself using their online platform

Agbalowomeri:
Can we start to trade the futures

😁😁😁😁
@KarlTom

Streetinvestor2:
When we talk now.They will say he is not aware. The masquerade dancing on the road has his drummer in the bush
Watin dey give bloody civilian power to shut down critical infrastructure of the country ...pls pardon my French

If you know, you know

emmanuelewumi:
NNPC should also get subsidized forex which they can use to make their 3 refineries productive.

Is that so difficult for them to do

Those refineries are better sold.
Refurbishing them is a waste of money, even if they start working,they would probably be running at a lost. We can't run refineries as a government enterprise and expect it to be profitable.

pluto09:
Tinubu does not have power to ban the union.
It is a very powerful union and they are ready to fight dirty knowing fully well they have nothing to loose. Even abacha as a military head of state found them difficult to handle.
The earlier the issues are resolved the better for the country, hopefully the president will step in and bring a solution.

They were proscribed (banned) during the military era. They had very huge influence at the time the nation relied on the NNPC refineries at that time and they were the workers who determined whether the NNPC refineries would work or not.
But things are changing gradually with the coming on board of Dangote refinery.

mikeapollo:
You need to ask them for the modalities:
1. You may request for details of their bank account that you can pay into, if they are the ones to trade for you after you fill and send trade mandates/instructions.
2. You can ask them the procedure if your are to fund your account and trade online by yourself using their online platform

With Cardinal Stone onboarding process, you just fill everything online from the get go and once complete, you are registered and that’s done. They just need a few days to verify your documents after that.
It seems onboarding with Morgan is a little bit more complex but then they make up for it with very low fees though.

mikeapollo:
Exactly.
It also seems they are fronting for some of the oil/gas marketers or they are actually the promoters and owners behind some or most of the oil and gas importers and marketers who are now taking a big hit due to the coming on board of Dangote refinery.

The oil and gas marketers, importers, subsidy scammers are in government and in NNPC.


No be PENGASSAN say Port Harcourt refinery was operational after over $1 billion was spent on it last year or thereabout.

Why PENGASSAN no shout say na lie, the refinery is not working

pluto09:
Those refineries are better sold.
Refurbishing them is a waste of money, even if they start working,they would probably be running at a lost. We can't run refineries as a government enterprise and expect it to be profitable.

We can run it using the NLNG model where we own 49% and private sector 51% but the private sector operates it.

This response reeks of bitterness and envy.
If he decides to do the bolded, you will be the one holding the speaker, shouting monopoly...

handsomebolanle:
Workers have the right to withdraw their services too. Do you have a problem with that?
Let Dangote go employ people to chevron, shell and servicing Company. Since he can afford to buy a truck and do free delivery.

This is excellent. However these arguments should have been made earlier. Where was the NGX and the investors when the law was made and passed?

otomatic:
More perspectives on the CGT

https://nairametrics.com/2025/09/29/why-25-cgt-for-share-sale-is-self-inflicted-wound-for-nigeria/

pluto09:
Those refineries are better sold.
Refurbishing them is a waste of money, even if they start working,they would probably be running at a lost. We can't run refineries as a government enterprise and expect it to be profitable.

If they had been sold off for free or even for less than $0, the country would have been better off, cos we would probably had still had the $18bn wasted on TAM, that's if they wouldn't have looted it.

Now part of the debt taken for the wastage, they'll still tax innocent citizens to pay.

Na Kyari borrow, na common man dey pay more taxes to shore up govt revenue.

pluto09:
Tinubu does not have power to ban the union.
It is a very powerful union and they are ready to fight dirty knowing fully well they have nothing to loose. Even abacha as a military head of state found them difficult to handle.
The earlier the issues are resolved the better for the country, hopefully the president will step in and bring a solution.

He has the power when they sabotage the economy or become a terrorist.

Stopping gas supply to Dangote Refinery, when NNPC and Dangote Refinery signed a 10 year contract for the supply of 100 million metric feet on a daily basis. This is a breach of a legally binding contract that can cost NNPC a fortune if challenged in the court

emmanuelewumi:
The oil and gas marketers, importers, subsidy scammers are in government and in NNPC.


No be PENGASSAN say Port Harcourt refinery was operational after over $1 billion was spent on it last year or thereabout.

Why PENGASSAN no shout say na lie, the refinery is not working

They said the refinery actually worked but it seems the start up was premature because it was running at a loss and struggling to reach that capacity where it would be even profitable. Crude oil is costly and so if you are not making profit after injecting it into a refinery, you are better off shutting down the refinery and continuing with repairs. The new management could not allow it keep running at a loss just to prove a point and had to carry out a technical review. The premature start up by Mele Kyari (due to pressure) was said to have done more harm than good

GeeKudi:
That's not exactly how he puts it. He said the law does not ask for the legality or otherwise of taxable incomes. It simply taxes your income.

Euphemism and sugar coating. He gave the example of a prostitute!!!

awesomeJ:
If they had been sold off for free or even for less than $0, the country would have been better off, cos we would probably had still had the $18bn wasted on TAM, that's if they wouldn't have looted it.

Now part of the debt taken for the wastage, they'll still tax innocent citizens to pay.

Na Kyari borrow, na common man dey pay more taxes to shore up govt revenue.

Whereas Blue star that was promoted by Dangote and Otedola bought 51% share of the refineries for almost $1 billion in 2007.

But PENGASSAN said national assets were sold at giveaway prices, whereas the remaining 49% would be sold to Nigerians so they we can also buy at that giveaway price.

They succeeded in bullying Yar Adua to reverse the sale,

Agbalowomeri:
First time Tinubu no collect from your hand

He go still collect if he does not drop that crazy CGT experiment.
That thing would be a big disaster if it should be implemented.

emmanuelewumi:
He has the power when they sabotage the economy or become a terrorist.

Stopping gas supply to Dangote Refinery, when NNPC and Dangote Refinery signed a 10 year contract for the supply of 100 million metric feet on a daily basis. This is a breach of a legally binding contract that can cost NNPC a fortune if challenged in the court

What they are doing is definitely wrong.
The problem is their influence on the economy, they know they can call out their members on a strike and that will affect all aspects of our oil industry and revenue.